International Programmes 2021/2022

Master's in Management (MIM) Master's in Management (MIM)

ESMT Berlin • Berlin

Degree
Master of Science in Management
Teaching language
  • English
Languages

Courses are entirely held in English.

Programme duration
4 semesters
Beginning
Winter semester
More information on beginning of studies

Every year in September

Application deadline

ESMT administers a rolling admissions deadline. Applicants are welcome to apply at any time before the final deadline.

Please also refer to the MIM admissions website.

Latest deadline for non-EU applicants and applicants who require a visa to study in Germany: 1 June
Latest deadline for EU applicants and applicants who do not require a visa to study in Germany: 30 August

Tuition fees per semester in EUR
7,375
Additional information on tuition fees

The overall cost of the programme is 29,500 EUR.

Combined Master's degree / PhD programme
No
Joint degree / double degree programme
Yes
Description/content

ESMT Berlin's Master's in Management (MIM) is an innovative programme designed with input from top German companies. Talented individuals who show strong analytical ability and strategic thinking skills make up the selected group for the two-year degree. Courses emphasise how these techniques and research methods can further an organisation's global goals in a business context.

Students will complete multiple projects and internships with global companies before graduation, and some of this work should be done abroad. Balanced with soft-skills and career reflection in the classroom, the programme will help students become individuals who are more aware and who can make a difference in their organisations. Examples of corporations who provided internships to MIM students include Allianz, Amazon, Audi, Bosch, Deutsche Bank, DHL, E.ON, Gazprom, McKinsey, Porsche, and Siemens.

The programme is divided into two tracks with a focus on international management. One track (Quantitative Business) is designed for quantitative decision analysts and the other track (Innovative Management) is designed for creative and strategic thinkers.

Depending on the track, students can choose among four specialisations:

  • Business Analytics
  • Finance & Investments
  • Entrepreneurship & Innovation
  • Global & Digital Strategy

The ESMT MIM programme uses an interdisciplinary approach. Students apply analytical models to understand the global economy, product development, and new techniques in technology management within global companies. Students planning to pursue a further academic career also have unique access to research practices and projects with ESMT's faculty.

Students interested in portfolio management and investing, can enrol in the optional Portfolio Management Programme, with a total financial portfolio of 3 million EUR. First-year students act as analysts for a 1 million EUR portfolio and second-year students act as investors for a separate 1 million EUR portfolio.

Additionally, all students study a new language during the programme. For non-native German speakers, MIM candidates learn German to increase their competitiveness in the German job market, and to complete internships immersed in German corporate culture. Native German speakers choose a language needed to manage relationships in the world's fastest growing economies. The weekly language classes are built into the on-campus periods.

Course organisation

The Master's in Management programme lasts for 24 months and is split into seven modules. During the first programme module, students take management core courses together in a single cohort. Students take core courses from the following management topics:

  • Judgement and decision-making
  • Competitive and corporate strategy
  • Business economics
  • Financial accounting
  • Financial management and corporate finance
  • Organisational behaviour
  • Introduction to statistics
  • Advanced statistics

After the core module of the programme, students choose among two different tracks in module two.

One track focuses on quantitative business and includes the course on econometrics.

The other track concentrates on innovative management and includes economics of innovation and new technology.

In both tracks, students choose two out of six electives:

  • Entrepreneurship
  • Global economy
  • Operations and supply chain
  • Valuation
  • Leading & managing people with agility
  • Negotiation

In module three, students complete an internship of up to six months. Examples of corporations who provided internships to MIM students include Allianz, Amazon, Audi, BMW, Bosch, Deutsche Bank, DHL, E.ON, McKinsey, Siemens, and more.

After the first internship and a combined capstone module in October, students move on to module five and choose one of four specialisations in order to develop a tangible value proposition for companies looking for talent.

  • Business Analytics: data science for analytics, predictive analytics / machine learning, risk modelling with spreadsheets, advanced decision making tools, value chain analytics
  • Finance & Investments: international finance and risk management, entrepreneurial finance and fintech, portfolio management seminar, alternative investments, predictive analytics
  • Entrepreneurship & Innovation: matchmakers in digital economy, the human factor of innovation, "Startup Challenge", design thinking, entrepreneurial finance
  • Global & Digital Strategy: strategic international management, digital business transformation, digital marketing, digital innovation and entrepreneurship

Module six consists of the Social Impact Project. Students work on a group assignment in an NGO, social venture or in a corporate social responsibility department of a global firm in Germany or abroad. This assignment allows students to observe how the global marketplace plays out in other parts of the world and other levels of society. It is the students' opportunity to give back and learn how to be life-long engaged global citizens.

The Master's thesis comprises the seventh module. While working on their theses, students may seek the opportunity of a second internship and carry out their research with support from practitioners. Alternatively, particularly those who intend to pursue an academic career may opt for working on a thesis topic in close coordination with a professor's own research agenda.

International elements
  • International guest lecturers
  • Integrated study abroad unit(s)
  • Language training provided
  • Training in intercultural skills
  • Projects with partners in Germany and abroad
  • International comparisons and thematic reference to the international context
  • Courses are led with foreign partners
Integrated study abroad unit(s)

Students have the possibility to complete their internships, "Social Impact Projects", and/or thesis work in another country. This is especially recommended for German students.

In addition, within the framework of the Global Network of Advanced Management, students can attend one-week short exchange studies during the "Global Network Week" at another network university. There are around 40 partner universities located across the globe.

ESMT MIM students can also choose to participate in exchanges with Imperial College (UK), Singapore Management University, IE (Spain), or Queen's University (Canada).

Highly qualified students can choose to participate in a double degree programme with Yale SOM, USA. Participants will earn two degrees in two years: first the MSc in Management from ESMT Berlin, and then a Master of Management Studies in Global Business and Society from Yale. Interested candidates can apply after being admitted to ESMT and before starting the programme, or by April in their first year at ESMT. The admissions process is separate for each school, and admission to Yale is not guaranteed. Scholarships, tuition and fees are allocated and settled at each respective institution. For more information about Yale, visit this website.

Integrated internships

ESMT MIM students have the opportunity to complete at least one internship during the programme:

1) First-year internship: students begin this mandatory internship after they have completed the first two modules in the MIM programme. They have been trained in foreign languages, project management, and soft skills before beginning the internship.

2) Optional Master's thesis internship: students have completed their first internship, chosen a specialisation, completed the Social Impact Project and received further project management and soft skills training. For this last module of the programme, MIM candidates have the choice to undertake an optional second internship while writing their theses. Students may also choose to forego the second internship and follow a more academic approach to their theses.

Course-specific, integrated German language courses
Yes
Course-specific, integrated English language courses
No
Tuition fees per semester in EUR
7,375
Additional information on tuition fees

The overall cost of the programme is 29,500 EUR.

Semester contribution

None

Funding opportunities within the university
Yes
Description of the above-mentioned funding opportunities within the university

For top Master's in Management candidates, ESMT rewards generous partial scholarships. The scholarship application is an integral part of the general application. Scholarships are awarded based on merit. In addition, ESMT collaborates with the international loan provider Prodigy Finance as well as the Brain Capital funding scheme.

Academic admission requirements
  • A previous degree (at least Bachelor's equivalent) is required. See details below.
  • Ideally, applicants should have no more than 18 months of postgraduate work experience.
  • Completed application, including essays and one reference
  • Individual interview online

As a previous degree, at least a Bachelor's degree is required. Applications will also be accepted from final-year undergraduate students awaiting completion of their degree.

a) In order to enrol in the Quantitative Business track:

Proof of strong quantitative abilities is required, whether with a degree in an analytical field (science, technology, engineering, or mathematics) or quantitative economics, finance, or a similar topic
OR
A degree in any discipline with a strong GMAT score (top 20% globally in the quantitative section). A GMAT is highly recommended for all applicants to this track. The average GMAT score is 640. ESMT also accepts GRE scores.

b) In order to enrol in the Innovative Management track:

A degree in any discipline with excellent grades is required.
GMAT or GRE is optional, but may be requested in certain cases by the admissions team.

Language requirements

English proficiency test (TOEFL: 95 minimum) or equivalent proof of English fluency such as IELTS or Cambridge

Application deadline

ESMT administers a rolling admissions deadline. Applicants are welcome to apply at any time before the final deadline.

Please also refer to the MIM admissions website.

Latest deadline for non-EU applicants and applicants who require a visa to study in Germany: 1 June
Latest deadline for EU applicants and applicants who do not require a visa to study in Germany: 30 August

Submit application to

Via the ESMT online application portal

Possibility of finding part-time employment

ESMT expects the companies participating in the ESMT's internship programme to pay students between 700 EUR and 1,200 EUR per month during their internships. It is possible to do internships in local start-ups and smaller business ventures in Berlin, but these internships will probably not be paid, or they might be low-paid internships.

Accommodation

On-campus accommodation is not available. Students are responsible for finding an apartment and signing a personal lease but will be supported by ESMT Student Services. Studio apartments in central Berlin cost at least 500 EUR per month.

Career advisory service

Career Services are an integral part of the MIM programme with regular seminars built into the programme schedule. From day one, students start working on their CV and on their interview skills. They take part in company presentations on the ESMT campus, attend company visits around Germany, and attend the on-campus ESMT Career Fair. By the end of the MIM programme, they will better understand how to strategically plan their job searches, navigate their own career paths, build and activate their own networks, and negotiate their desired salaries.

Specific specialist or non-specialist support for international students and doctoral candidates
  • Specialist counselling
  • Visa matters

ESMT Berlin

Content Bild
The ESMT campus building in the centre of Berlin © ESMT Berlin

ESMT Berlin is a private business school founded by 25 multinational corporations. The school’s areas of expertise are leadership, innovation, and analytics. ESMT is one of the top-ranked business schools in Germany with a global network of alumni in over 50 countries. It is also among the top 1% of universities globally holding a "Triple Crown" accreditation. The "Triple Crown" is made up of successful accreditations from the world’s leading business education accrediting bodies: AACSB, AMBA, and EQUIS.

ESMT offers five degree programmes:

  • Master's in Management
  • Full-time MBA
  • Part-time MBA
  • Global Online MBA
  • Executive MBA (EMBA)

It also offers executive education programmes.

All ESMT programmes benefit from close relationships with ESMT's corporate network and founders. As one of the most international business schools in Germany, over 80% of ESMT’s faculty members have a non-German background. With 40 full-time faculty members at the school, they represent 17 different countries.

ESMT is the home of the following centres and institutes:

82 Nationalities of current degree programme students
+16000 ESMT Berlin alumni live in over 40 countries

University location

ESMT Berlin is located in the centre of Berlin on Museum Island, within walking distance of the famous Alexanderplatz.

The campus building itself holds a fascinating history. Built in 1964, the building hosted the Staatsrat (National Council) of the GDR until 1989. After the reunification, the building was used in many ways, including as the temporary office of the German Chancellor. Since 2002, it has been home to ESMT Berlin.

ESMT has a satellite campus in Berlin-Schöneberg and a branch office in Shanghai.

For more information, see our website.